Register
A new car is purchased for $30,000 and over time its value depreciates by one half every 5 years. What is the value of the car 11 years after it was purchased, to the nearest hundred dollars?
184k views
9 votes
A new car is purchased for $30,000 and over time its value depreciates by one half every 5 years. What is the value of the car 11 years after it was purchased, to the nearest hundred dollars?

User Christian P
by
3.3k points

1 Answer

2 votes

Answer:

$6500

Explanation:

It decreases in half every 5 years so...

30000(1-0.5)^2.2

about 6500 since you wanted it to the nearest hundred dollars

User Changchang
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.5m questions

4.5m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
Link Copied!